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 Queenston Mining Inc.  Queenston Mining Inc is a Canadian resource company focused on the exploration and development of gold deposits on “Proven Mine Trends” in geopolitically stable areas. The objectives of the Company are to expand upon its exploration areas to enlarge existing deposits and to target new discoveries, and to return to producer status through the development of its 100% owned properties. The company’s slogan communicates the aspirations and accomplishments of Queenston Mining: “Delivering on Exploration... Advancing to Production”.

Mines and Projects
Queenston is a purely Canadian Mining Company, with company headquarters in Toronto, Ontario; and two main properties located in the Kirkland Lake Gold Camp, Ontario; and the Cadillac Gold Camp, Quebec. The Company is closer to its goal of returning to producer status by advancing its Kirkland East Project towards development. The project contains five 100% owned gold deposits (Upper Beaver, McBean, Anoki, Bidgood and Upper Canada) in Gauthier and Lebel Townships. Assuming metal prices remain near current levels, management believes that the gold deposits in this project have the potential to develop into a mine-milling operation that could support production of over 200,000 ounces per year.

In addition to the production preparation scenario, in 2012 exploration continues to be a prime focus of the Company both to enlarge existing deposits as well as targeting new discoveries.

The company also holds claims in the Cadillac mining camp area in Quebec, just 470 km north of Montreal. The mining camp ranks among the top gold producing regions in Quebec and has to date produced over 12 million ounces of gold.

Projects

 * Kirkland Lake
 * Upper Beaver Property
 * McBean-Anoki Property
 * Upper Canada Property
 * Lebel Property
 * Amalgamated Kirkland ("AK") Property
 * Joint Ventures
 * Cadillac
 * Pandora Property
 * Wood Pandora Property
 * Other Properties
 * Westhawk Property, Manitoba
 * Mishibishu Property, Ontario

Kirkland Lake
Table 1. Project overview of the Kirkland Lake Gold Project, Ontario.

Insert image here Figure 1. Kirkland Lake area map with Queenstons property holdings displayed.

Kirkland Lake is one of the most prolific gold camps in North America. This mining and lumbering community of approximately 10,000 people is located 500 km north of Toronto and is assessable year round by paved highways and roads. Gold was first discovered in 1906, in Swastika and Larder Lake, the first gold in the camp was produced at the Swastika mine in 1910. . Production was continuous for 90 years, until 2000 when the Macassa Mine was closed. In 2002, Kirkland Lake Gold Inc. re-opened the Macassa Mine where they are producing gold at a rate of 100,000 oz/ year and is forecast to increase to 200,000 oz. during 2011. From 1901 to 1999 the camp produced 37.3 million oz. of gold from 25 mines and collectively mined 100 million tonnes at a recovered rate of 12.74 g/t. The camp ranks second in Canada, next only to Timmins with respect to total ounces of gold produced.

The company’s core asset is an assemblage of gold properties in the historic Kirkland Lake gold camp where it is currently undergoing resurgence as a result of new discoveries made by Queenston and Kirkland Lake Gold Inc.

Queenston’s holdings represent the largest land package in the camp with over 35 properties or over 230 sq. km. . The properties host 11 gold deposits that contain current and historic mineral resources of 4.2 million ounces (in all categories). The Company owns a 100% interest in over 25 properties located in the Kirkland Lake Gold Camp area.

The primary focus is in Gauthier Township where the company is advancing five of its 100% owned gold properties (Upper Beaver, McBean, Anoki, Bidgood and Upper Canada) towards production. The goal is to outline a mineral resource of 8 million ounces of gold to feed a central milling facility to be constructed in Gauthier Township. All five projects are within 6km of the planned mill facility and all are accessible by an existing road network. In addition to the production preparation scenario, in 2012 exploration continues to be a prime focus of the Company both to enlarge existing deposits as well as targeting new discoveries.

Cadillac
Table 2. Project overview of the Cadillac Gold Project, Quebec.

Insert Image Here Figure 2. Cadillac area map with Queenstons property holdings displayed.

The Cadillac mining camp currently ranks as the top gold producing region in Quebec and to date has produced over 12 million ounces of gold. This mining camp is located 470 km north of Montreal and is assessable by paved highways and roads. The first gold discovery was in 1924 on the O’Brien property which entered into production in 1932. Between 1936-1949 several other mines were brought into production including Pandora, Central Cadillac and Wood Cadillac. The camp did not produce again until 1979 when the Bousquet and Doyon mines started up. The subsequent start up at LaRonde, Bousquet 2 and Mouska marked the second mining era in the camp. Currently the camp has four producers in the Mouska, Doyon, Lapa and LaRonde.

Queenston maintains two past producing gold properties along the Cadillac Break adjacent to the LaRonde and Lapa gold mines operated by Agnico Eagle mines. The Wood-Pandora property is a 50-50 joint venture with Globex Mining and the Pandora is 100% owned. The Wood-Pandora property consists of 28 claims and the Pandoa property consists of 18 claims. Together, the properties host 7 gold deposits that contain current and historic mineral resources of 715,000 oz. (526,000 net to Queenston). In 2012 the joint venture will continue the drilling program to further evaluate the economic potential of the Ironwood deposit.

Futher Reading

 * Official Queenston Website
 * Facebook
 * Twitter
 * Flickr
 * Youtube
 * Google Finance
 * Yahoo Finance
 * InfoMine
 * Mining Almanac
 * Reuters

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